|USD-CHF @ 0.9703/06...Can fall to 0.9500-400|
R: 0.9730 / 0.9770
Dollar-Swiss fell sharply in the final trading sessions after the US NFP data release on Friday last week and has closed just below 0.9700. The pair could be gearing up for a sharp corrective fall in the coming days. There is a Bear Head and Shoulder on the charts. 0.9730 and 0.9770 are the important Resistances to be watched and a failure to rise past these Resistances could be very bad for the pair and a sharp fall to 0.9450-00 could be on the cards now. The pair will be good to be played on the Short side for this week. However, at the same time we should be ready to take Longs in 0.9450-00 region.
|GBP-USD @ 1.5612 /15...Ranged with bullish bias|
R: 1.5712-32 / 1.5775
Cable is still broadly ranged between 1.5400-5770. But within this range, the pair seems to be forming an ascending triangle. 1.5500-475 and 1.5430-20 are the important Supports which can restrict the downside for the pair. On the upside 1.5712 (200-DMA), 1.5731 (200-DMA) and 1.5764 (21-Week-MA) are the important Resistances to be watched. A strong break/close above 1.5775 will open doors for a fresh rally going forward. 1.5900 can be targeted initially and then 1.6100-6200 can be seen eventually. Having said this we are bullish on the pair overall and dips to 1.5475-20 can be bought.
Limit Buy Order:
|AUD-USD @ 1.0566/69...Bullish. But nearing an important Trend Resistance.|
R: 1.0625 / 1.0690-700 / 1.0750
Aussie got good Support near 1.0435 and has risen sharply to close strong for the week. However, the pair is nearing its important Trend Resistance. 1.0625-50 and 1.0690 are the important Resistaces to be watched. It may not be that much easy to break these Resistance and it can hold atleast on its first test. There are chances that there could be a pull back initially during the week. Such pull backs should be definetly bought. 1.0500 is the immediate Support and then 1.0450-35 is the next important Support region which can restrict any sharp fall.
Limit Buy Order: